Jim Cramer on Microvast: “I Liked it a Year Ago, and I Continue to Like it Now”

Microvast Holdings, Inc. (NASDAQ:MVST) is one of the stocks Jim Cramer was recently asked about. Noting that the stock hit $7 last week, up from 22 cents around a year ago, a caller asked about the stock. Cramer commented:

“It’s still good. It’s still good. It’s got great free cash flow. It’s not like the others. It actually makes money. This is not some joker speculative stock. That’s why I said I liked it a year ago, and I continue to like it now. I like the stock.”

Microvast Holdings, Inc. (NASDAQ:MVST) develops and manufactures lithium-ion battery technologies and components for electric vehicles and energy storage systems. When a caller asked for Cramer’s advice about the company’s stock during the October 1 episode, he replied:

“Alright, that’s a great spec for now. We know that there’s a lot of interest in Washington on battery. We’ve seen that. Therefore, it could extend to these guys. I don’t know if it’s the case, but I’d hold onto it.”

While we acknowledge the risk and potential of MVST as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MVST and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.